Industry heavyweights will be joined by an internationally recognized leader on global climate change at the opening session of SPE Offshore Europe 2019 in September.

Current Events Have Huge Impacts on Price Ranges

Oil Market:

Crude oil prices are range-bound. Yes, they bob up and down like a cork in the ocean, but all that movement does little but provide traders with miniscule profit-taking opportunities. In reality, oil prices are waiting for events to unfold that will provide clarity about future oil supply and demand.

KONGSBERG systems will be used to optimize operations on the second newbuild Awilco Drilling Owned Moss CS60Eco semi-submersible drilling rig being built by Singapore’s Keppel Offshore & Marine.

Kongsberg Maritime has won its first milestone orders for a major project combining KONGSBERG control and electrical systems with power, propulsion and mooring solutions. The entire deal is valued at approximately MNOK 350 total.

Sentinel Midstream, LLC, through its subsidiary Texas GulfLink, LLC, has announced that on May 30, it submitted a license application with the U.S. Maritime Administration (MARAD) to construct and operate a deepwater crude oil export facility. The port will be located off the coast of Freeport, Texas, and will be capable of fully loading Very Large Crude Carrier (VLCC) vessels.

As industry interest in hydrocarbon exploration offshore East Africa increases, attention is turning to frontier areas in the region such as the West Indian Ocean. At first glance, this area looks like a barren oceanic crust with little potential, but there is tantalising evidence to suggest otherwise. CGG geoscientists have been sifting through the evidence to re-evaluate opportunities offshore East Africa and in the West Indian Ocean.

Wood has secured a new contract with Chevron Australia to provide subsea integration and flow assurance front-end engineering design (FEED) services for the Jansz-lo compression project offshore Western Australia.

Equinor has been awarded five licenses by the Oil and Gas Authority (OGA) - four as operator and one as partner.

Leading international oilfield services company, Expro, has been awarded a multi-million dollar contract for Hindustan Oil Exploration Company Ltd (HOEC) in Mumbai, India.

ExxonMobil and its partners says they will further invest in Block 15 offshore Angola to increase production as part of an agreement with Angola’s recently established National Agency for Petroleum, Gas and Biofuels. As part of the agreement, Sonangol, Angola’s state oil company, will receive a 10 percent equity interest.

TDI-Brooks International, Inc., along with Maxon Consulting (who provides the regulatory and interpretative reporting components), has completed two Environmental Baseline Studies (EBS) for ExxonMobil offshore Guyana. The first program in South Kaieteur consisted of 30 water samples (10 locations x 3 depths), Conductivity, Temperature and Depth (CTD) at 10 locations, sediment samples and drop camera photography. The second program in Southeast Stabroek consisted of 60 water samples (20 locations x 3 water depths) with Conductivity, Temperature and Depth (CTD), sediment sampling (box cores) and drop camera photography.

James Fisher Offshore (JFO), a specialist partner in the delivery of subsea and topside projects, further strengthens its offshore decommissioning capabilities with the development of an advanced internal abrasive cutting system offering higher performance, cost savings and operational efficiency to support the oil and gas industry’s decommissioning cost reduction target.

The Cameron LNG project has achieved first liquefied natural gas (LNG) production from train 1. The project will begin exports in the coming weeks.

W&T Offshore, Inc. has provided an operational update regarding the successful drilling of the Gladden Deep well in the deepwater of the Gulf of Mexico and the awarding of leases from the federal lease sale held earlier this year.

An UK equipment supplier has announced a joint venture which will allow it to supply a revolutionary surface wellhead and tree production equipment package, which will enhance oil and gas production integrity and reduce the need for long-term repair and maintenance.

Eni has made the fifth oil discovery in one year in Block 15/06, in Angola’s deep offshore. The well has been drilled on the Agidigbo exploration prospect, and analysis of post drill results indicate between 300 and 400 million barrels of light oil in place.

WFS Technologies, a global leader in Subsea Internet of Things (SIOT®) devices, unveiled solutions to tackle the real-time monitoring of offshore risers both above and below surface, on fixed structures including jackets and braces.